Wasting your time with things I find interesting, amusing, or enraging. Reinke does not work for, consult to, own shares in or receive funding from any company or organisation that would benefit from this article, and has no relevant affiliations

I am a single mother who is looking to invest my money. What suggestions do you have for something that will be good for short term earnings and long term as well?

# – # – # – # – #

I’m a big fan of Ric Edelman, the Financial Advisor, who does a weekly radio show for decades. He says that his objective to help people become rich.

(Disclaimer: I’m a Client for several years and get nothing for giving this recommendation.)

He offers — and several of my coworkers have taken them up on it — to spend some time with ANYONE regardless of possible account size and help identify your goals and suggestions how to reach them.

One specific coworker had a job, a mortgaged house, and nothing else. One of their Financial Advisors has spent four hours with her over the last three months coaching her financially. So I’d recommend that you talk to one of these guys rather than trying to go it alone.

There is NO obligation to do business with them.

They are registered financial advisers which means they work in your best interest (i.e., the fiduciary standard).

They have an account minimum of 5k$ if you want to have them handle your investments. So, I’d say 1-800-call-ric or ricedelman dot com.

I worked on Wall Street for a couple of decades, managed my own portfolio, and I wish I had found them much sooner. Just my opinion.

Remember the sources of my education! I’m just a fat old white guy injineer with:

On Tuesday night’s Free Talk Live, a caller tried to make the case for the “Bank of Oregon” a la the “Bank of North Dakota”.

I thought the hosts didn’t understand the point he was making. (Yes, he made it very badly. As you would expect to a non-politician non-public speaker. Not that I’m any better. But, I think he was on to something.)

So I wrote up some stalking points and called in.

(As a long time AMPlifier and long time listener since back when the boys were in Flori-Duh fighting the good fight, I knew that they were going to be a tough “sell”. In retrospect, I should have prepped some more.)

Here are my points:

# – # – #

Why the Bank of North Dakota is important to secession and liberty:

(1) It’s a depository for all state tax collections and fees; The state itself and all state agencies do their banking with BND. Wrests control from politicians and their cronies on Wall Street.

(2) It plows the funds (I should have said “capital”!) back into the state in the form of infrastructure, farm, business, and student loans. Consistent with sound fiscal and banking practices.

(3) It acts as a bankers’ bank or a wholesale bank. So the BND provide services to banks, whether it’s check clearing, liquidity, or bond accounting safekeeping. It can subsitute for the Federal Reserve System.

(4) It provides a dividend back to the state. In the case of BND that 60M$ or 50% of their annual profit. That’s profit that everywhere else goes to crony capitalism.

(5) It deprives the current Federal politicians and bureaucrats of the ability to inflate the currency. A state bank could introduce a hard currency or allow free market competition in currency.

This could be a stepping stone to “killing” the FED. It is a way to “shrink” the problem. Replacing the FED with 50 State Banks is a good step on the road to liberty.

# – # – #

Here’s the link to my “performance”; starts at the 1:18 mark and completes at the 1:32 mark.

I must have done well because I got a huge chink of air time. At about the 45 mark of the second hour and held over as the first bock on the third hour.

So the hosts must have found me “interesting”.

As expected Ian, who is a raving Anarcho-Capitalist, immeidately went for the jugular, that he is against ANYTHING that the government does. (Me 2, but how does one change the status quo. It took 100 years to get into this mess; it’ll take a 100 to get out. The water erodes everything by the passage of time.) Ian, a more a pragmatic libertarian, was ore open to being convinced. Initially, the third host (Stephanie?) didn’t have anything to say; she joined in later on as she got the concept.

I never got the feeling that they were “convinced”, but they did understand that it was not the absurd idea that came across by that prior caller. Two out of three seemed to like the conversation. So it wasn’t a bad experience. Next time I do it, I’ll be better prepared.

Any way listen to me as a “talk show caller” and give me your opinion.

(How kool is that referring to myself in the Third Person. Makes me feel more of like a writer than a mere blogger.)

After I was up from ~0200 to ~0400 with “the baby”, who couldn’t sleep.

(That’s me again in the third person. That’s how I think on myself when I can go back to sleep after a bad dream, on of any innumerable WC visits thanks to the Rx diuretic, or when I get the “next great idea” like online backup.)

It was really OK. Really.

See the Verizon phone doesn’t know the diff between workday weekday and weekends. Probably the kids in China who build and programmed the phone don’t have weekends off.

So the 0530 call was followed by Verizon’s 0600, 0615, and 0630 alarms.

(The 0600 is the worst. Reveille! For a minute, I think I’m back in basic. And I couldn’t find the phone so I had to hear it twice. How did it get under the bed? Hiding from the “dancing girls” that were in last night. In my dreams.)

Followed the corporate Berry’s at 0730. (I know where that was hanging from it’s charger in the kitchen. If it does get it’s full charge, it dies during the day and then the battery needs to be replaced. (Great engineering guys in China!) Which means I have to walk it two buildings over to “support”. (Boy, do I miss Wall Street. “Yes, Mister Reinke, sorry you’re having a problem. I send someone to replace it immediately. Is he there yet?”)

So, I’ll just say my “child like” prayer for all the people I’ve just maligned.

A couple of years ago I wrote about U.S. Justice Department turning up the heat on allegations that some Silicon Valley companies were acting monopolistically in their hiring practices. This week, a federal judge ordered Google, Apple and five other high-tech companies to court over accusations they violated anti-trust laws by conspiring not to poach each other’s employees.

*** end quote ***

Big news! Like this is a unique way to screw the employees.

SO what’s the remedy?

When they get finished on Silicon Valley, then they should look at Wall Street.

I wasn’t allowed to even suggest to one of my peers that we had an opening. There was a “gentlemen’s agreement” back in the late 80’s and 90’s. When I was recruited by hunter to go from Shearson to (CS)FB, the hunter told me to go check with my boss because he approved it. About a month after I went there, a DB2 ace went from (CS)FB to Shearson. Trading players.

And, if you were laid off from one place, don’t waste your time applying to the competition. They wouldn’t even bring you in for an interview. You had to be out for “years” to get back “in”. Argh!

SO, now that our enlightened Gooferment masters have found that there is this evil goin on and about int he land, who’s going to get compensated for the lost opportunities.

Fines to the Gooferment. And, the people who got <synonym for the past tense of the procreation act.>? They get a “tough <synonym for excrement>”!